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Prices Paid: Buying & Leasing Experiences Land Rover Range Rover Sport Lease Questions
384 messages, Last post on Nov 29, 2009 at 3:07 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: kyfdx (Nov 16, 2005 7:28 pm) I thought that the whole point of leasing was that you only have to finance that portion of the car that you use/lease for the period that it's kept. I don't understand the 'average' that you state as the finace charge over the period that I lease the vehicle should cover the bank's cost of buying the vehicle and having equity tied up in the vehicle which is realised at the end of the lease. If I'm being asked to finance the 'entire' cap cost amount for the 2.5 year period, then is it not worth just buying the vehicle outright? Also, if I purchase the vehicle at the end of the lease, I've already paid the bank its finance charges for leasing me the vehicle AND, in effect, for purchasing the vehicle for me 2.5 years earlier...???!!!
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Replying to: mssurrey (Nov 17, 2005 2:52 pm) The bank can recover the residual value at the end of the lease by selling the vehicle, but the time value of their money is the same over the period of the lease.. It is no different than if you were purchasing the car, in that respect.. Consider the lease as a loan on the vehicle.. At the start of the loan, you are borrowing $58,XXX.... and, at the end of the 30 months, you still owe $42,XXX.... You turn the car back into the bank...to pay off the loan.. But, the loan balance was between $58,XXX and $42,XXX the entire time that you leased the car.. That is the amount that you are paying finance charges on... All that said... the lease program on the Range Rover is not very good... I think if I were interested in this vehicle, I'd buy it and finance at a lower rate than the lease equivalent of 8.2%. regards, kyfdx Host-Prices Paid Forums
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Hi Car man could you check this : RRS HSE 06 Luxury package + bluetooth ( no satelite radio, no DVD ) MSRP 60150 Sell price 57500 LEV 67% MFSR 0.00315 bank fee 595 COD 2710 monthly 903.39 can we do better by the way on the message about the LR3 HSE selling price on that is 53208 Thanks
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term 30 mts mileage 15000 miles/yr |
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Replying to: kyfdx (Nov 17, 2005 4:31 pm) Does the Depreciation percentage figure, and hence the basis for lease calculations, work from the MSRP or from the adjusted (negotiated) cap cost? If I get better discount off the MSRP, this means my monthly payments will be lower right, as I'm now 'financing' a lower amount? Or does a bigger discount simply mean that the Depreciation figure also 'reduces'?
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Replying to: mssurrey (Nov 23, 2005 10:12 pm) This is a good thing... Every dollar that you save in negotiation goes straight to your bottom line, as a dollar saved in depreciation... and that is the main part of the savings.. But, you'll save some in finance charges, because your cap cost will also be lower.. Example: Joe Blow negotiates a $75,000 selling price for his RR Sport... on a 3yr lease with a money factor of .0030... John Doe leases the same car, for the same term, but negotiates a selling price of $74,000... John Doe's lease payment will be $30.78 per month lower than Joe Blow. $27.78 of that is lower depreciation ($1000/36pymts).. The other $3.00 is due to a lower amount "financed" ($1000 X .0030). Leasing is no different from buying.. Every dollar you lower the selling price, goes right into your pocket.. regards, kyfdx Host-Prices Paid Forums |
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Could someone tell me if this is an aceptable offer, I thought that selling price could be lower RRS HSE 06 Luxury package + bluetooth ( no satelite radio, no DVD ) MSRP 60150 Sell price 57500 LEV 67% MFSR 0.00315 bank fee 595 COD 2710 monthly 903.39 30 months / 15,000 miles / year can we do better by the way on the message about the LR3 HSE selling price on that is 53208 Thanks |
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Could someone tell me if this is an aceptable offer, I thought that selling price could be lower RRS HSE 06 Luxury package + bluetooth ( no satelite radio, no DVD ) MSRP 60150 Sell price 57500 LEV 67% MFSR 0.00315 bank fee 595 COD 2710 monthly 903.39 30 months / 15,000 miles / year can we do better ? Thanks |
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Replying to: hvf (Nov 22, 2005 2:47 pm) Car_man Host Smart Shopper / Prices Paid Forums |
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I was thinking of leasing a RRS with lux package, bluetooth, and sat radio. If I want to get a 24 month lease at 10 k miles what should my cost be? I would like to pay everything upfront. I should get discounted for that I hope.
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